# The Taxes (Interest Rate) (Amendment No. 2) Regulations 1998, Regulation 4: Amendments to the principal Regulations


In regulation 2(2) for the words from “and, if the result” to the end there shall be substituted
“and–
(i) where regulation 3ZA applies, if the result is not a multiple of one-quarter, rounding the result up to the nearest amount which is such a multiple,
(ii) where regulation 3BA applies, if the result is not a multiple of one-quarter, rounding the result down to the nearest amount which is such a multiple,
(iii) in any other case, if the result is not a whole number, rounding the result to the nearest such number, with any result midway between two whole numbers rounded down.”

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Source: https://www.legislation.gov.uk/uksi/1998/3176/regulation/4 (the official version)
Page: https://openlegislation.uk/taxes-interest-rate-amendment-no-2-regulations-1998/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.